Become a Volunteer
Serving on the Welcome Credit Union Board of Directors or a sub-committee is the best possible way to implement real change in the Credit Union. Want to learn more about Welcome? Looking for changes in policy? Take the reins and help guide Welcome Credit Union to our full potential.
Board of Directors
The board has the general direction and control of the affairs of this credit union and is responsible for performing all the duties customarily performed by boards of directors. This includes but is not limited to the following:
- Directing the affairs of the credit union in accordance with the Act, the bylaws, the rules and regulations and sound business practices.
- Establishing programs to achieve the purposes of this credit union as stated in the bylaws.
- Establishing a loan collection program and authorizing the chargeoff of uncollectible loans.
- Establishing a policy to address training for newly elected and incumbent directors and volunteer officials, in areas such as ethics and fiduciary responsibility, regulatory compliance, and accounting and determining that all persons appointed or elected by this credit union to any position requiring the receipt, payment or custody of money or other property of this credit union, or in its custody or control as collateral or otherwise, are properly bonded in accordance with the Act and regulations.
- Performing additional acts and exercising additional powers as may be required or authorized by applicable law.
Supervisory Committee Guide
The supervisory committee has two general goals. You must ensure that management’s financial reporting objectives have been met, and that management practices and procedures safeguard members’ assets. To meet these two general goals, you are responsible for determining whether your credit union managers have:
- Established and maintained effective internal controls to achieve the credit union’s financial reporting objectives. These controls must meet the requirements of the supervisory committee audit, verification of members’ accounts and your additional responsibilities.
- Promptly prepared accounting records and financial reports to accurately reflect operations and results.
- Properly administered the relevant plans, policies, and control procedures established by the board of directors.
- Audit policies and control procedures that safeguard against error, carelessness, conflict of interest, self-dealing and fraud.
Will you serve as an assistant volunteer? As an assistant volunteer, you can directly work with the board of directors, connect with an enriched community and make an impact while serving others. This position has no voting rights, but by attending meetings you have the opportunity to actively shape the credit union’s future.